Canada’s Oil and Gas Sector at Risk? How Excessive Taxes and Regulations Undermine Our Competitiveness

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Title: Canada’s Oil and Gas Sector at Risk? How Excessive Taxes and Regulations Undermine Our Competitiveness

Author: Germain Belzile

Publisher: Montreal Economic Institute

Date: October 2017

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Summary:

Germain Belzile discusses how over-regulation is making Canada’s energy industry less competitive, especially when compared to the United States. To counteract this, he recommends that the Canadian government reduce business taxes, reduce the regulatory burden, ensure reasonable timelines for project approvals, limit “social license” considerations to only communities directly affected by the project, prevent elected officials from interfering in approval processes, and reconsider the imposition of a carbon tax.

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